Andrew Tate, president of insolvency and restructuring trade body R3, and a partner and head of restructuring at Kreston Reeves, examines the governments proposed changes to the UKs insolvency and restructuring framework, and highlights the professions concerns.
The UKs framework for insolvency and restructuring is one of the most effective in the world. Our insolvency processes are ranked in the global top 15 by the World Bank, and return money to creditors more rapidly and more cheaply than counterpart regimes in France, Germany, and the US. UK creditors see more of their money back after an insolvency, too.
The UK insolvency framework is also good f…
Read the full article at: https://www.accountancyage.com/2017/02/28/corporate-insolvency-framework-maintaining-a-competitive-edge/